Bahahaha!! LMAO!! Thanks I needed that!!

KC

One thought would be to take a small position if you have conviction in the longer term outlook for the rare earths, then add to it slowly; in addition, selling put options (especially with the VIX spiking) could lower your cost basis if assigned. 

I've been averaging down into AVL and will be assigned MCP at 57.50 this weekend (ouch, but the put write lowered my cost basis by $2.18/share).  I let it get assigned to me with the intention of writing calls on it when it bounces- lowering cost basis even further.  Not going to panic out of it.  These are volatile stocks.

Uranium sector (e.g. CCJ) also has been taken to the woodshed lately and might be interesting to accumulate for the longer term. 

Long CCJ, DNN, AVL, MCP, HRE.V

Well I'm short the 57.50 Aug 20 puts, so was happy to see the after hours quote.  Especially after the recent pullback.   Guess it's always a roll of the dice holding through earnings, but this time it appears to have worked out..

After Hours: 58.11 3.97 (7.33%) 7:59PM EDT (per Yahoo Finance)

hehe yeah but I was too busy selling everything and throwing up, then sitting in cash for most of the rally...

Oh but it's so tempting....

I needed that reminder...thank you!  But I'm not gonna sell at the bottom like I did last time (of course, not saying this is it..).  Worst case I'll turn the computer off for a few years then see how I did.  Uraniums and some rare earth plays have been taken to the woodshed.

KC

PKD triggered from the watch list is a nice mover today...

Stumbled across this one looking for short put trades.  Looks promising, at least short term, for a possible bounce.

TSM.V mentioned by Matt in the commodity newsletter among a group of rare earth miners to watch a nice mover today.  Bouncing off 200d MA.  Picked it up yesterday.

re: TBT bounce...Thought it was a pretty good bet too.  Played it by shorting July $32 puts.  Pretty good return for a few weeks of patience.

Congratulations Matt!  Glad mother and baby are doing well.  Thanks for sharing the pictures and thanks for all you do at BPT!  Hope you all have a great weekend.

Shorted some puts yesterday ($32 strike) that expire this week.  May do some more at  $33.  Limits your gains but seems like easy money if the bounce holds up for a few days.  Worst case you wind up with some $32 or $33 paper silver to play with.

FTR was a nice trade.  But seems to be rising on declining volume.  Taking profits here.  Maybe early- maybe it fills the gap...

Interesting.  Weekly chart looks constructive.  Weinstein type base, no?

Wow Steve where do you get your news from?

The latest from CNN is " Maryland man glued to Wal-Mart toilet seat"  LOL

Wow that happened fast.  Tightening stops and plan to lighten positions on the bounce. 

Was wondering myself,,,made money following his posts...owe him more than a few beers...

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IBM from the watch list BO

You were right- behold the power of the pump and dump... 

Up like 40% today...